Caledonia Mining (LON:CMCL) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Caledonia Mining Co. Plc (LON:CMCL - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 921.39 ($11.99) and traded as high as GBX 1,135 ($14.77). Caledonia Mining shares last traded at GBX 1,135 ($14.77), with a volume of 1,625 shares changing hands.

Caledonia Mining Price Performance

The company has a fifty day moving average of GBX 1,088.20 and a 200 day moving average of GBX 923.49. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 10.31. The company has a market cap of £218.03 million, a P/E ratio of 2,467.39 and a beta of 0.73.

About Caledonia Mining

Caledonia Mining Corporation Plc primarily operates a gold mine. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; the Bilboes, a gold deposit located to the north of Bulawayo, Zimbabwe; and the Motapa, a gold exploration property located in Southern Zimbabwe.